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Cookware Market size was valued at USD 23.75 billion in 2019 and is poised to grow from USD 25.28 billion in 2023 to USD 36.97 billion by 2031, growing at a CAGR of 6.5% in the forecast period (2024-2031).

Businesses that make cookware are making investments to lessen their carbon footprint and are switching to renewable energy sources, which will also help them lower operating and production expenses. In order to become more efficient, businesses are changing their business strategies and launching new goods for institutional customers. For instance, the Middleby Corporation announced the purchase of Welbilt in April 2022. By combining two complementary businesses, this acquisition sought to further both the core competencies in highly lucrative sectors and Middleby's expansion plan. 'Groupe SEB', 'Meyer Corporation', 'Newell Brands', 'TTK Prestige', 'Tramontina', 'Cuisinart', 'All-Clad Metalcrafters', 'Zwilling J.A. Henckels AG', 'Scanpan A/S', 'Fissler GmbH', 'Le Creuset', 'Lodge Cast Iron', 'Calphalon', 'Mauviel 1830', 'Staub', 'WMF Group', 'GreenPan', 'Anolon', 'Circulon', 'Emile Henry'

Considering manufacturers are broadening their product lines for various industries where they have a variety of technological options, the demand for cookware items is increasing. The demand for cookware accessories like knives, spoons, and spatulas is increasing rapidly due to design advancements that provide physical comfort and relaxation while using products. Products are no longer limited to a specific market niche.

People spent more time cooking and eating well during COVID-19, and they bought more things online. As a result, sales of cookware and other kitchen supplies online are rapidly growing. The main factors influencing consumer spending on cookware have been identified as working from home, buying purchases online, and having more spending freedom because they are not forced to pay for outside activity or travel. As a result of the growing adoption of technology and Internet-enabled technologies, several players in the cookware market have increased their attention on e-commerce channels.

In 2021, Asia Pacific had the highest revenue share (more than 40.0 %). With a sizable market share, the Asia Pacific region took the lead in the cookware industry. Over the projection period, it is expected to grow quickly. The cookware market in the Asia Pacific is one of the fastest-growing in the world. It is a result of the rising demand for cookware in developing nations like China and India. In the upcoming years, the regional market is projected to be driven by changing lifestyles and rising disposable income in this area.

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Global Cookware Market

Product ID: SQSG25I2003